Bill Gross & Chris Whalen & Michael Belkin: US Economy ‘Supernova’ On Path To Extinction. The Fed And The Treasury Are The Biggest Source Of Systemic Risks In The Market Today And We’re Facing A 1987 Selloff & Eventual Hyperinflation!!
February 2nd, 2013
WHALEN: ‘The Fed Is Creating ANOTHER Housing Bubble’
‘Bernanke is just making it up as he goes along. The Fed is acting more like the Marx Brothers than serious regulators. The Fed and the Treasury are the biggest source of systemic risks in the market today, creating another bubble in housing and perhaps also in stocks.”
Lauren Lyster with Chris Whalen on Tech Ticker last Friday.
Belkin – We’re Facing A 1987 Selloff & Eventual Hyperinflation
Today the man who counsels prominent hedge funds, investment banks, institutional money managers, mutual funds, pension funds, and high net worth individuals across the globe, told King World News that he believes we are facing a 1987 type scenario where the markets will get badly shaken. Belkin, President of Belkin Limited, also believes we are eventually headed for a destructive hyperinflation where gold will have an extended upside move.
Here is what Michael Belkin had to say in this powerful interview: “Back in 2009, in the spring, I was extremely bullish. Back in late 2002 when the stock market bottomed I was bullish on the economy and on markets. The time to buy is when blood is in the streets. We are so far from that.”